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Collectible Books What an Opportunity

In this little sequence or this little class, whatever, I’m going to inspire you with different ways that you can sell books. Right? So Amazon is great. This is our bread and butter. This is what pays the bills. This is what, you know, we don’t have to do any work and we still get paid, right? This is what keeps us in the game. But for fun, I was discussing collectibles. Well, if you come over here to this website, everything, but the house, you’ll see some of these books let’s go highest bid. These are, this has already ended. All right. So we’re looking at books. You see that down at the bottom, it says ended. So, wow.

Wow. So this 1830 puke family, whatever the book of Mormon, you can see it right there. The puke family, Paul, a mirror, a first edition book of Mormon that sold for $80,000. This one what is this? Bird’s of America? Fifth Oxycontin edition. All right. It looks like it’s just one, two, three, four, five, six, seven. If you were to find those seven books it’s were 16 grand. All right. Here’s another one, a book with illustrated maps by John or whatever. His name is 16,000. Now those are like anomalies. So let’s, let’s go back to recommend, but if you find the right book, you’re going to get paid, but let’s, let’s back. Let’s ring it back in to like normal. Okay. You find some comics about $50 for there. Let’s get more straight to books where some books. Okay. Here’s these little books right here.

190 right here. 46, 25. So what this does, is it just it up, it ups you up, right? It, it allows you to no group, some of your books together and sell them like bulk and, you know, also kind of get, get your name out there too, as, as a more antique bookseller. So like, if you have this, it looks like it’s one, two, three, four, five, six, seven, eight, eight different books going for $55. You know, it’s all firearms, you know what I’m saying? Or Knights and knighthood $55. So there’s a decent little, it, it all depends on where you’re getting your books from. So this is like, this is a very unique person that I’m talking to right now. Like all of us are going to be doing the, the FBA, but not all of us going to be getting collectible books. Right. But this is where we sell collectible books. Now those are the ones ending, kind of give it a better, better perspective. We’ll see, what’s active. So there you go. And we’ll get more to books and really books. All right. You find something like that. It’s $4. Well, I mean, it’s ends in two days, so it should go up a little bit more, but all right. Here’s one to kill a Mockingbird. Lee signed two 50, the fantastic dollar, 18 bucks 30,

No, 12 276. All right. So, but like, again, I’m going to stress the point. This is the collectibles. You’re going to have to understand this market a little bit better. You might run into some comic books, you know, that are vintage or, you know, first additions of something, an autograph, an official autograph copy of something. This is where you can just, you know, amp up your one to 500 or, or whatever money that your, or how would you, depending on how much work you put into it, you’re making per month through books. Right? So, and this is like on an auction like this, this is like less stress, the points of, of estate sales and yard sales, because that’s the place that people are going to have old books that they’re not paying attention to. Right. And you might lo and behold find an a winner right now.

If you remember, I don’t know how old everybody is. I remember this story from when I was little, this kid or this, Oh, I don’t know who probably wasn’t a kid. I was a kid though, went to a yard sale and bought a book or something. And it, within, in the little sleeve of the book was an original copy of the DEC limit, declaration of independence. And it sold for like $2 million. Right. So I’m not saying it’s for everybody. I’m not going to say I have yet to find my $2 million book. Right. But it could happen. Right. So just giving a better idea now, E-bay you can also like what let’s go to eBay real quick of different ways to sell the books. So there you go.

If you want,

You can think you have a a book that’s incredible, right. Or a book that Amazon won’t work for you, you can sell it here, Cook books, everything. So let’s, let’s, let’s look at Yeah. I don’t know if we’re going to be selling the 3 million or $3.5 million book, but you never know. Right. You could find it. And, and like I said, the,

There you go,

There is a high possibility, you know, I mean, you’re not gonna find my, maybe not find all these books, but there is a lovely opportunity that you might find some type of book that’s where some type of money, like these are really expensive, but

I don’t know why that’s 250,000, but you know, maybe they, they missed me most mispriced it again, this is way higher than than I was expecting. This is even higher than the other one. But yeah. So there’s plenty of opportunity out there. A lot of money in these collections. Now, I don’t know if I would sell them for this expensive, cause it doesn’t look like they’re actually selling me these books, but you know, maybe drop the price down $99,000. And maybe for $20,000, you might get some interest. Right. But you know, it’s up to you. So yeah, just a different opportunity on the collectibles and what to do with your collectible books when you find them.

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A Nice Load Of Books

Good morning. So it stopped raining. Fine. It’s the next morning? So yesterday is when I went and got the books. So there was a lot of books in here. There’s a lot. It’s not a little, it’s a lot. Um, let’s, let’s remember. Uh, let’s just say, cause I had to leave some of the books there. I didn’t have enough space and then some of the books were on the ground, so there’s like two or three of the little bins on the ground. Um, cause you gave me more space, but then the boxes you’ll see what I’m talking about in a second. The boxes, uh, two of the boxes and like three of the bins were mine before, but everything else is what I bought yesterday and I’m not the guy told me, don’t tell your total the price for me, but let’s just say with the trucking included, it’s less than $1,200. You know what I mean? And here’s the books

So, like I said, it’s, it’s not a whole, whole bunch of books. Like it’s not filled to the top. All right. But I mean, if it was filled to the top, I it’d be too heavy for one and I’d really be in like a tank, but, um, yeah. And then he told me, um, that he needs more. And so he has like another truckload for me and then like another truckload for me. So, um, I can’t, I don’t know how many of these books I’m going to be able to take because I don’t have to process them too, but all together I’m guaranteeing like, you’ll see the very end of this. Right. Let’s just remember in total counting truck, right. I’m willing to spend 5,000. So this is 1000, right? Because it kind of in your truck, right? So this is $1,000. Now, you know, it’s hard to tell on the Amazon because it’s going to take me a while to upload all these, like to upload all these books on Amazon.

So, you know, we’re not worried about that, but I will show, uh, like kinda like guesstimation how much each one of these little bins makes me and maybe a box, like, but that’s still a lot of books. So anything over 250 books, then I got to do like a whole nother print, like little form. So I don’t know if the boxes are going to make any sense, cause there’s way more than 250 books. So I mean, that might just be difficult for me to show, but on average, I’d say, we’re saying average here, average, average, average, and making probably like this is including Amazon fee, like $2 and 50 cents a book. All right. That’s on average

Maybe for now we’ll say, we’ll say $2 and 50 cents just because, you know, I dropped the price on a lot of them. And so like that brings the price down and on to get rid of all these books are probably have to drop the price. So profit $2 and 50 cents per book. So I’m going to show you again, profit and you know, they’ll take half of these books out. Cause not all of them won’t be able to go to Amazon. So when you look at this take only like the right side or the left side, right. And that’s the amount of books that will go to Amazon. And then just think it’s $2 and 50 cents per book. The other books go to the library and like, you know, cause I like a library, you got to have library a library and then other little might mean maybe donate the books or sell them a different way.

But like the business model of sending this stuff to Amazon, that’s what we’re discussing. All right. So just imagine you got four boxes and six different little bins. So I’m gonna show you again. That’s that’s all the stuff that we’ll probably end up going to Amazon at $2 and 50 cents a pop with a total investment of $1,000. So that just gives you the guesstimation of how much money I’ll make. You know what I mean? So, I mean, I don’t know how many books are in here. There’s too many counts, but I’ll show you again. And then, you know, if you want to count, you can count, but it doesn’t really matter.

So you see what I’m saying is counted three boxes, one, two, three, doesn’t matter what side is all seen or different, but whatever falls in and then count like there’s, there’s a one, two, three, six, seven, eight, and there’s two boxes right here. Or two bins or underground. So we’ll say four bins of B’s right for, Oh, that’s good enough. So three boxes, four bins. That’s what’s going to end up going to Amazon at $2 and 50 cents a pop in my pro in my pocket off of this run, which will initially or total investment besides time will be thousand dollars. May let’s just say 1200. We’ll say 1200. Yeah. Cause gas got about gas. We’ll say 1200. So yeah, 1200 because of gas. And there I go back down there next week or the week after that and go fill up another truck and I’ll be like another $1,200. And then I’m going to take a break cause I gotta work in inventory. So take me forever to inventory all this stuff up to Amazon. So wish me luck.

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On The Way To Atlanta To Buy Books

Good morning, everybody just want to let everybody know what I’m up to. And then I’m going to say hello. I’m going to turn a light off. Alright. So couple days ago, a week ago, I got a, a message and I keep my books for pretty cheap. And if you remember, like two weeks ago, I went down to Atlanta. I picked up some books and said, drive four and a half hours there and then four and a half hours or five hours back because I’m having, so it takes me a little bit longer to get there. Well, the last time I was down there, you seen how many books I had, but the problem was that we lost any books. Like, I didn’t know where they were. He didn’t know where they were, the person where I’m going the warehouse. Well, last week he calls me up well, furniture books, right?

So I have the same amount of books that I had last time down there waiting for me. So that’s great. You don’t have to pay for them because they’ve already been paid for. Right. And then he told me that they had a problem, right. That they had a problem. And they needed me to solve before. The problem was, is that they have no more space in their warehouse for all the books. Right. Not just my book, but other books. Right. There’s more books there besides just my books. Right. And so he told me like, drive down here and get your books, which I think, I honestly think he just giving me more books than I had, because I don’t see how you’ll see what I’m talking about. When I show you the picture. I don’t know how you miss places, seven of these things, like they’re not small.

So I don’t know how you misplaced seven, right? Two or three. I get seven. That’s excessive. And especially how large you are. I’ll show you what I’m talking about. Get that. I can’t take pictures inside. So I’ll show you pictures, whatever, video, whatever. And I’ll show you what I walked out. So he told me, basically, get a big truck. Now. I don’t know if he’s put some, I don’t think he realizes how big this truck is and how many books I can actually get on this and trucks. But I’m following the directions. He said, bring the biggest truck that you can find, come down here. And we’re going to do a in-person auction for the other books, because I got to get rid of him. We got to clear space. So rented the truck. It’s five in the morning have already been on the road for two hours.

So I got about two hours and 20 minutes left and we’re going to see, so again, we’re going to find it soul so far invested. What I have is just the truck, right? So that was $365. Remember the books that the other set of books, if you remember how much, how many other books I got each one of those bins are like $50 and it was seven, 10. So it was $350 books plus the truck. So all together for all, that was a thousand dollars. So like, I can’t, like I already counted these seven bins of books, if that makes sense. So I can’t recount them. Right? So it was $350 last time that we kind of read the books. So all like seventies bins, art per Greek, if that makes sense, what I’m saying. So as of right now, I’m in the truck or the only expense I have is 300 or $360 in a truck.

And then mostly how many, how much I get or how cheap I can pay. Not, not really cheap because they’re not, I want it. How, uh, what kind of deal I can get. That’s it, that’s a better way of putting it. What kind of deal I can get on and how many books he has waiting for him. So I’m a little excited, you know, early, early morning motivation, you know what I’m saying? It’s five o’clock in the morning and I’m already up moving around for two hours and talking about books. You know what I’m saying? What are you doing.

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Automobile Quarterly 20th Anniversary

I want to remind everybody … I’m doing that because this is a long project. I did not know. I did not think in my head. Oh, 13 bucks? That’s easy. No problem. 10 minutes. Yeah. No. No. Just the mental ability to be able to go through each and every one of these bloody books is much harder than I initially anticipated. This is truly a journey. A journey to do this. With this one box, now imagine if you had bought this box. It wouldn’t have been this particular box because obviously it was my box and my little personal box library that I got to go through. But if you were to get a box, it wouldn’t be the same box, obviously. However, it would be a box that you might find something just like this and it’ll take you all bloody day just to go through the books. The box isn’t even full … isn’t even halfway.

Look. These are all the books that we did not pick out of this box, all right? We’re just going through the ones we did pick and that is … We’ll go over them real quick. This one right here, The Poem. Statistics. Well, probability. Right here, argument. Remember, we talked about Frederick Douglass. It was really interesting. Resisting Happiness. It was more of a God book but at the end of the day was pretty good. Here’s another little God book, but it was good. Yeah. Then we got the automobile book. We got another automobile book. This was the index. Not quite as interesting but remember I’m going to go through and try to see if there’s any museums that are still open. And another automobile book.

Mind you, not everything’s going to be the same because this is kind of an encyclopedia box, I guess you could say. We are going to go over another automobile book. We only have four more, gentlemen and ladies, so don’t worry. Then we can talk about everything. We can go grab another box. And I’m going to purposely not grab a box that has any of these cars books in them as much … Oh. Oh! Look at this one. We’re getting into today’s age just a little bit. This is a 20th anniversary edition. How many of these things … Wow, 20 anniversary. So, 82. So, they started this in 62? My goodness. No wonder there’s so many of these.

Here we go. I think this is the era that some of us could remember. The GTO, the 427, the 409, the 289, I don’t know and and I don’t know. Well, the Grand Sport, I know that. And the Cyclone, I’m not really sure. Muscle cars, baby! Yeah! We’re getting into something interesting. They also have the Pursuit, an excellent, elegant … The 1931 Cadillac V16. I just got to look at that. But 426, we’re going to muscle cars. Oh, look at that. That is beautiful. That’s sexy. Look, it’s sleek. Now I forgot about the number already. 418, 426. Let’s just get where we are. We can look at pictures in a minute. These are cool pictures, man. 418. 418, right? Oh, this is one that’s full of good stuff. 418. Look at the crashes.

Remember we were talking about the other guy with the lucky number 13, so I’m guessing the cars look more like the little rockets they got going on over there. The Pursuit. The Cadillac V16 roadster right there. Now, that is a pretty car. Can you see it? That is a pretty car. Look at that. Then with the top up? Oh, yeah. That’s pretty. Oh, oh! Look, they got the velvet or the plush inside. That’s when a car was a car. Did you notice something? Look at this. This rose up for you so you can be sitting more comfortably. That’s pretty cool. Then remember … Remember we were talking about the different little mascots. That’s a little one that we don’t see all the time.

All right. Now we are talking about what we wanted to. Look at the picture. Even the picture shows power. Man. Baby. Muscle cars, the demigod of the power culture. The 426 hemi. Here we go. We got the Pontiac Grand Prix 62. The 62 Chevy Impala. Let it show us the real big boys. What? The Camaro didn’t come out until 67, so the 63 Galaxy, the Fairlane T-Bolt, the Mercury, the Pontiac GTO. Yeah, this is straight American. The Impala SS, the Galaxy. Yeah. They don’t really have the 70s muscle cars, which is a little frustrating. These are all the new ones. But yeah, these are … The 66 Mustang. There we go. Now we’re starting to get into it. The 65 Buick Skylark, 65 Oldsmobile. Now, there we go. This is the 67 Plymouth Belvedere GTX. We should see the … Where is the … 67 Mercury Comet. Why do we not see the Camaro?

This is the hard top GTO and this is the Cutlass. The pace car. That’s very disappointing. They do not show us. They don’t show it to us. But however, don’t get discouraged. I’m pretty sure there … This is pretty interesting. This is fun. Well, wait a minute. Hang on. I think they’re lying to us, man. Nope. Nope, nope. See? We got two different 20th anniversaries. We just did the blue one, now we’ll do the red one. But I hope you liked the muscle cars. We’re going to go over more in it and talk more about that plus V12 engine that looked gorgeous. Look, that didn’t even look like car. It looks like one of them things you don’t drive in the city. You don’t. You drive it from the back of your house or in your garage into the back of a car and you take it to a car show because there’s no point in even getting that one dirty.

You might drive it around … If you got a big house you can drive it around the driveway a couple times, you know what I’m saying? But you do not want that bad boy to get dirty. That was gorgeous. Excuse me. Talk to you later. Oh, now we’re going to go over the red one.

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Automobile Quarterly De Soto

All right. 20th anniversary of the Red Book. Oh, look at that. All right. What do we got? “Grand Prix Cars of The ’50s,” “The Locomotion by Steam Pressure,” and “The Power of the Printed Word.” The “Figoni et…” I don’t know how to pronounce that. The Walter Chrysler stepchild, the DeSoto, the “Heritage is an Innovation at GM,” 1982 F cars. Let’s go to looking through some pictures.

I’ve got to go outside in a second. The Grand Prix of the ’50s. So this kind of just shows you the nice pictures and things. I might do Grand Prix of the ’50s, just because, I mean, it gives us a nice little thing, shows us all these different cars. We’re learning about some of the cars, you know what I’m saying? This is, I do live in NASCAR Hall of Fame territory, so racing’s always a good one. Harley Earl’s, you got a 1927. Who is this guy?

Oh, these are pretty cool cars. Look, I hope you guys can see it. Let’s go a little faster, or a little closer. Not bad, right? I guess he designed his own cars and things. Yeah, he did. And look, there’s a nice one right there. We’ll probably go through the Grand Prix. I mean, there’s just beautiful cars. Look at that one. That’s a beautiful car right there.

I like that. I like the two tone and with the tire on the back, I like that. Oh no, no, no, no, no, no. Oh, whoa.

This is screaming my name. All right. I would drive this bad boy around, you know what I’m saying? Drop top baby. This one is a little bit too space age for me, but you know, you might like it.

DeSoto, right? Walter Chrysler’s stepchild.

I mean, I would have to learn a little bit…actually, this is what we’re going to do. We’re going to talk about this. This is what we’re going to do. We’re going to talk about Chrysler’s stepchild. So I’m not going to show you very many pictures. Well, let me show you the pictures and then I will read the article about it. Right, so I’m purposely not going into detail because I want to do that for you guys in the essay, but Indianapolis 500 mile race car, 1956, was this car a DeSoto. They don’t even make DeSotos anymore, at least not that I know of. But no, these are pretty nice, man. Right?

I would like to, I do want to know more about the DeSoto. Cause they seem, it kind of looked like a Cadillac, right, but not. I mean, they do and don’t, it’s weird, but here we go

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Automobile Quarterly Rescuing The Chevy

All right. We are almost done with box number four. Let’s recap. We’ve talked about the car books… More of a recap for me, cause you have no idea that I just took a three hour break. This is more or less our section on auto mobiles. Let me get nice and close and comfortable for the viewer enjoyment. In the name of the people, Origins of the VW Beetle, Winged warriors of Chelsea, Sir William… I’ll let you look at it. You can pause and read for yourself.

Look at this advertisement, the Chevrolet review 1923, February. You know it has to be somewhere cold because I’m in Charlotte right now. It’s January. This is 1980 edition and there’s no snow.

Origins of the VW bug. We’re going to come back to that. I’d read that’s the essay. We’re going to do an essay on that. We’ll look at some of these other cars. Here we go… Rescuing the Chevrolet. What is he talking about here? Look at this one! This is the 1922, 490 touring. This is the 1923 superior series. I like that one right there. What do you all think?

Okay. This is what they said they were going to revive it, the 1923 Copper Cooled Chevrolet. Look at that. It’s in the Henry Ford Museum. A Chevy car in the Ford Museum. That’s funny!

Look at this one. Look at the little Chevy. You know what I’m saying? This is the 1924 Superior Two Passenger Coupe.

This is Jaguar, right here. What are they talking about with the Jag? We might do the Jaguar. What do you guys think? I think the JAG where’s this. Look at these. That’s the old school JAG. You’ve got to get a copy of this book. This is cool. These are old school Jaguars. The 53, the 49, on this side right here. I like this white one, right there. The 57, I liked that. What do you all think? 1961, this is 61, right here. They don’t really have an article about the Jags.

Sir. William, a fresh look at Jaguars background. They do. That’s what we’re going to do this story on Jaguar. They got a whole section on the story of Jaguar. Perfect. We’re going to do it on Jaguar. We’re going to talk a little bit about the origins of the VW.

So just look at pictures. I don’t want to take up too much time. What is this about Hitler? The future Fuehrer led a charmed life at the front throughout the war, but just weeks before they armed Tyson in 1980, he was caught in a poisonous gas attack in Belgium, was almost rendered blind for life. Shipped back to Munich, the [conference 00:05:22] lesson was given a job by the Bavarian army authorities, spying on extremist political groups, both left and right. One of these, the national socialist Germany party, and as DAP, he soon enough took over, for the expression and implantation of his new political ideas and ambition… What has this to do with the car?

Okay. I thought it was a paragraph. No, it’s quite long. Let me see if we can find.. On November 8th, 1923… Just skipping ahead. I thought it was just this little paragraph about Hitler, but no. It’s this page, this page. This is very interesting too. This is going to have to be for a different class. So it’s discussing basically the VW, the Volkswagen, which it’s also talking about. It’s going to be a toss up on which one we talk about. Either we talk about Hitler or we talk about Jaguar. This is the original VW with the engine in the back. You see it? Look at that one.

Now you can see how it’s getting closer to what we see today. You see Hitler in one right there. And that’s all they got for us on that part right there. It makes sense because under the Hitler one, that’s what the VW looked like for a while until this book was… It looks different now, but that’s also because this book is 30 years old, 40 years old. All right. So we’ll all decide whether we talk about Hitler and the VW or Jaguar and the Jag.

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Padua And The Tudors

Good morning. Box number five.

Let’s see, which one do I want to get the day started with? Its first thing in the morning. Just going to recap last night, before I went to bed. Talked about this one, box number five. We got this one, this one, la voila. I almost dropped it. And we also have Padua and the Tudors. So we’re going to go through Padua and the Tudors since it’s in my hand. So, let’s see what’s interesting about here, what’s in here.

The English Nation at Padua, students of law, students of medicine, natural philosophy. Let’s go see what they’re talking about. 73.

Okay. I left Oxford in 1503 to study medicine in Padua. The anonymous register of Merton College noted that, Padua was the most famous university for humane studies and was going to devote himself to The presenters for much of the foreign, essentially, Padua medicine and natural philosophy would extend influence on English Humanist studies and Aristotelianism… I don’t know how to pronounce this word, maybe you… That one, right there. Aristotelianism… Has been recognized only in the most fragmented ways, despite the examples. So.

So, wherever Padua is, right, Padua, I got to look on the map because it was part of the English colonies, I’m guessing, because I mean the English experience it. And they’re talking about the students of medicine and natural philosophy, the 16th century Padua studium was renowned above all for its medicine. And before the end of the 15th century, it had begun to absorb the movement in the field pioneered by Niccolò Leoniceno in Ferrara, and now described as medical humanism, was primarily intended to reconstruct the original words of the ancient Greek medical sources, especially of Hippocrates, and his interpreter, Galen. And of the chief source of ancient natural philosophy, Aristotle, to make their writings available in Greek and the new Latin translations. The medical students, as an essential steps towards a reformed, and academically moderated medical practice, and to challenge the position in academic. How to better amenable Arabic interpreters of the Greek tradition.

All right, this is actually pretty interesting. Because of the therapeutic importance of the medical samples in ancient medicine, and because of Galen’s evidence.

Hold on, let me just, instead of just trying to read it all to you, because I’m kind of reading out loud. Kind of like, wait Eric. Wait, wait, what?

So what I’m gathering through here is these people in the 1500s in Padua, they went there and they started their studies and then… This is the 1500s, so when they’re talking of medieval, which, I mean, it’s, what 200, 300 years before that? I mean, it doesn’t seem like it was a lot of years, but I’m only 36 so two, 300 years is a lot. So I guess the medieval times, because it could be all the way back to the 1100s.

So what he’s saying is the medicine, like the Greeks. You’ve got to remember, the Greeks were B.C. So in the media, they challenged the position in academic medicine held by medieval Arabic interpreters of Greek tradition. So what he’s saying is, right then around the 1500s, when they went to this place called Padua or whatever it’s called. At that point in time, the trend, the Greeks and the ancient medicine was interpreted through the Arabic’s, right. So they wanted to translate it basically towards English and be it more of the crusaders or whatever, Jesus. And so that’s what they set out to do on that part. I mean, yeah. I got to read some more. It’s pretty interesting. I mean, it goes on for…

Quite a few pages. I mean, it talks about all the way into the 1600s. So it talks a hundred years of what happens down there. Let’s see if we can find anything. .

All right, here we go. Talking about Greeks and everything. Henry Cuffe is one such student from around Harvey’s time. A pupil and colleague of Henry Savile in Oxford in the late 1570s and 1580s. Cuffe had been appointed Regius Professor of Greek in 59. Later became a client of the Earl of Essex, and was implicated in his rebellion. Okay. Licensed like a significant number of other members of the Essex. Cuffe matriculated at Padua in 1597. In 1600, he wrote a work of natural philosophy, which was printed post-mortemly in 1607. As the differences of the ages of man, it is impossible to establish a precise relationship between the philosophically eccentric, [inaudible 00:06:27] work which draws on Plato, Aristotle, Galen, and the hermetic writers.

Oh man, I can’t pronounce these words. Averroes, Avicenna, Paracelsus and [inaudible 00:06:46] studies in Padua. But the relationship itself is certainly embedded in the work. Okay. Let’s just get to where I thought it would say. Sometimes I had the whole paragraph. I need to read a paragraph. I’m trying to get to where it was at the bottom, but let’s see…

Long discussions… So when you’re reading in your head, all the words you can’t pronounce, it doesn’t matter. You just skip over it. [inaudible 00:07:14]. Half the time, again, if you can tell it’s a name, it’s a name. Right. So I mean, when you’re reading in your mind, who cares, if you can pronounce a name, right? It doesn’t matter. Or even like “philosophical,” if you, if you see the word a million times, you can look it up one time. It doesn’t matter if you can pronounce it, you just look at it and you know what it means.

It’s not very important… I mean, it probably is really important, but I got to read the whole chapter. Right. There’s a lot, it’s talking about the Greeks and everything, but I’m trying to like snap some out, but he’s long-winded so it’s not like today where it’s like, boom, and it hits you with like information where its really easy. This is like, you’ve got to read the whole bloody 30 pages for you to be able to explain what’s going on. Right. Because they’re doing it in a story-based, well, all these are kind of story basis. So it’s kind of different. Yeah. This poses more of a challenge, to just pick up and kind of get it.

Because then you don’t want to watch me read, but it’s already… Let me see one thing. What is Padua? Right? The university of Padua was one of Europe’s great centers of learning in the pre-modern period. Located in Northeast Italy, about 20 miles from Venice. The Padua Studium was officially founded in 1222 as a result of a student migration to the University’s bursity of Bologna.

In the course of the following century, it came to be recognized as a universitas scholarium. That is a self-governed legal corporation of scholars protected by Padua’s civil authorities. From 1260, it’s statues were confined, and from 1264 it’s chancellor, who was always the Bishop of Padua, conferred academic degrees by the Pope sanction. Before the period dealt with this in his study, the studium had already succeeded in attracting many important intellectual figures, including a number of the early humanities, the pioneers of the Renaissance classical revival. In the 14th century, these numbers and poet…

So, okay, so the Padua… Helps to read the introduction, right? So it’s Northwest, or Northeast Italy. It’s been around since the medieval time, like I said, the 1200s, which makes sense because we were in the 1500s in the Renaissance and everything he was talking in the medieval time.

Yeah. What I’ll also do is I’ll kind of give a history of everything, because it’s only seven pages, but I’m already over 10 minutes. So a place of knowledge and studying. So again, read, build your own library, and you can have your own Padua, right?

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Smart Retirement

All right. We’re going to be talking about SMART Retirement. I’m nowhere close to retiring, kind of, I’m 36. So, as far as the United States is, I’m nowhere close to retiring. I was looking through this a little bit and I was trying to find the third report and the date. It goes through the first two, but what we’re going to… Let me just show you some of the chapters that they got here, right? The world is changing. Are you? I can’t even read it off the thing. The truth about misleading financial math banks and wall street use using debt and cash, or debt and float to gain financial freedom, my personal SMART plan, SMART people SMART plans, higher income without taxation, understanding the capital equipment of different assets. I’m quite interested in that one. I’m also interested in what is it planning for it to set the more important than the client?

I like that one too, don’t get me wrong, but I’m more interested right now is 73, higher income without taxation because I’m not making as much money as I want to right now. So, I might as well learn what to do before I make all the money so I don’t have to pay the taxes while I learn, right? Let’s first kind of see if we can scan through what page was that again? 73. See if we can scan through this, the crucial dates a lot where they’re already past the States that changed the face of future in American retirement system forever. They’re already passed there. However, the population is aging, the number of workers for social security retirees is falling. Okay.

Either which way the three most important dates were this, 2008 to ’11 and ’16 for the social security. So basically, I mean, I didn’t read it, but it was kind of more or less saying that in 2008 is when the first baby boomers could accept it. In 2011, they turned 65. By 2016 they basically were age 70 and that’s full of benefits. So, all baby boomers unless you’re rich or almost looking for debt, right? So, I don’t want to talk about all that. Just think about that’s a lot of people that are now depending on the government. Let’s go to 73. So we, as a younger generation can pay for our own retirement. 73.

All right. Chapter five, SMART people, SMART plans. Scan through here a little bit. Why high cash value life bankers retire rich from their SERPs.

All right. For many people, the income available when sticking to the standard deduction simply isn’t enough to live the lifestyle they want to live based on the wealth they’ve accumulated. Of course I’ve written in this book. They understand that trying to take more out of their tax qualified and pretax retirement plans isn’t really going to substantially increase the style of living so much as the SERPs substantially increase their annual tax bill. So, what’s it retired to do? Why not take a look at a 100+ year old product that banks and billionaires can’t get enough of? All right. The high cash value, low death benefit, life insurance specifically for me, it’s 10 Pay.

Okay. Why whole life insurance? Cash accumulated is assessable as tax preferred income. No contribution limitations, no income cap limitations, no provisional income safe Harbor for alleged legislative change in 82, 84 and 88. Benefits paid to family are tax preferred. Waiver of contributions is disabled and benefits for chronic care and terminal illness. All right, let’s dive in to what he’s talking about here just a little bit. A 10 Pay life insurance policy is called a limited pay life insurance policy. Okay. It offers a lifetime of policy benefits after a set term of premium deposits in this case 10 years. Depending on the type of coverage you choose the policy can simply stay in force after 10 full premium payments are made on a guaranteed and paid up basis. While the payments are stretched out over a certain term, this is not a life term policy.

It’s a high cash value, low death benefit policy offering a lifetime of benefits. This means that the death benefits are payable even if the issued passes away 30 years after they stopped making premium payments. Okay. It also means that the policy accrues significant cash value which means you have access to cash that you can know that you should use to make major purchases, replace bank financing, and ultimately distribute money in your retirement via structured loans and that’s without taxation.

With the freedom this offers you, you can avoid using credit cards with their expensive interest rates and become your own bank, financing your own residents and vacation homes without the tricky math used by traditional bank lenders. All right, I’m starting to kind of understanding this, but not quite. You might be wondering why I’m talking about 10 Pay insurance after bringing up the issue of income shortages for retirees. Here’s the thing with it, right? 10 Pay policy you’re occurring significant cash that you can access after you’re retired. That accumulated cash is always available to you when you take it out and you can do so without any tax ramifications, it isn’t counted as provisional income. So, it doesn’t offset your social security and trigger taxation and it isn’t itself taxable.

It’s a little bit more than what I know, because I don’t know what a 10 Pay plan is, but it’s triggering my interest. Let’s see, there are also no contribution limits other than your ability to afford paying the premiums, which is easy if you dollar cost average, a less tax efficient asset into the 10 Pay over that 10 year period. There are no income limitations, no required minimum distributions and no conversions required. Ultimately, what I’m saying is that with a 10 Pay life insurance policy, you never have to worry about the income you’re taking out because it’s not going to trigger a tax if you keep the contract in force. There is simply no 1099 or other tax reporting.

All right. I’m going to look more into it, but he has nice little fixtures or figures and pictures. So, let me see if as of 200 of JP Morgan has had 10 million bank owns Merrill Lynch had 20 billion [inaudible 00:08:04] had 7 billion. These are huge amounts of money that have high cash by insurance based products. Let’s take a look at an individual example. Bank America’s CEO, Ken Lewis is guaranteed to get 3 million a year as an annual retirement benefit beginning at age 60. How do you think Bank of America plans on fulfilling the promise of those benefits? Where they’re going to use what Bank of America refers to in their annual statement as a SERP, that stands for Supplemental Executive Retirement Plan. The SERP is not the company 401k or defined benefit pension plan, it’s a special plan for their most senior executives.

Their SERPs, okay. So, they’re going to screw everybody out of a retirement, but they got a whole entire fund for their special people, right? On the corporate end, they showed 53 million in Ken’s SERP. What is that really? It’s a high cash value life insurance policy. That’s what they’re using to ensure that they’re able to make good when Ken uses is 3.4 million a year special pension. Let’s think about that for a second. The big boss of Merrill Lynch, who would love to manage your retirement for you, who guaranteed 3.8 million a year from a 53 million cash value life insurance policy back in ’10 that’s… Yeah, I’m going to have to explain this a little bit more.

Because I mean, a lot of these people were doing it and we got Coca Cola. We got Boeing, AT&T, IBM, Lockheed Martin. So, it’s almost like every single one of these big boy companies are doing this. So, we can figure it out how because I got to cut it because we’re out time, but I’m very interested to learn more about this.

I might read a little bit before the chapter, a little after a chapter, depending on how motivated I am, but I mean, that’s pretty interesting. Like I said, I got 22 years or 24 years before I’m 60. Silver 23 years. So, I guess it’s good to know now and start building because if I don’t have to pay taxes after I’m paid at 63, and this is a much more efficient way of attaining money or wealth, opposed to my 401k or whatever that I’m going to be taxed on. That’s good to know. And that concludes box number what was it? Five. So, we got the SMART Retirement. We’ve got The Presidency, Storm in a Teacup, Mr. Benjamin Franklin.

Padua and the Tudors and Among Heroes. So yeah, that is box number five. Don’t forget somewhere around if you look hard enough, you will find that you can buy your own boxes and you can create your own library and do what I’m doing and look through each book. But no, I mean words, I mean, seriously, you don’t have to do right what I’m doing because this is a massive project, but just being able to have your own library, it’s very interesting. And that’s part of the reason I’m doing it is just to show everybody that a random box of books is actually quite interesting and you never know what you’re going to get. Kind of like Forrest Gump, life’s like a box chocolates.

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Gods Revolution

All right. God’s Revolution. Ba-bow. Justice, Community and the Coming Kingdom. You see. Justice, Community and the Coming Kingdom. All right. Let’s see what we got over here. Some more books by this guy, by Eberhard Arnold. Inner Land: A Guide Into the Heart and Soul of the Bible, Why we live in Community, the Early Christians: In Their Own Words, Salt and Light: Living the Sermon on the Mount, the Individual and the World Need, Against the Wind.

Okay. All right. Look at this, “Crumbling World and the God’s Coming Order.” Let’s… Wait a minute. So what is this God’s Coming? Or how old is this? ’97. (silence). Hold on a second.

I’ll make this video short because I heard something outside. The first printing was 1984. The new order fleshed out. The individual and the community, peace and a rule of God. Let’s go to non-violence and the refusal to bear arms. No, no, no, no. World poverty and suffering. See what he gots to say there, 176. World and poverty. There we go, boom.

“Am I guilty? When we speak of a radical social revolution of turning everything upside down, of bringing in the reign of God’s justice, we can only do so if we are deeply convinced that such an upheaval will affect us all quite personally. You and me, every single one of us, as part of humankind. We ourselves have to be thrown over and then put back on our feet. We are all responsible for the social injustice, the human degradation, the wrongs people inflict on each other, both public and private. Each of us bears guilt toward all humankind because we are deaf and blind to their degradation and humiliation.”

I wonder where… They have these dates on the bottom of it. All right. I don’t know what the dates mean. That’s interesting. Yeah. Wow. Okay. I guess this is when he wrote all this stuff, because it’s all around the same time. This book isn’t from… Yeah, all this is all from 1920s, 1915. So, I’m guessing that this old guy, he’s old. Yeah. Eberhard Arnold, they just didn’t publish this book until later.

“Lay down your own life.” Am I guilty? He was basically saying that we’re all guilty for each and every one of our sufferings. Right. If you weren’t suffering. Like what Michael Jackson said, “If you want change in the world, look in the mirror and make a change.” All right. Okay.

“Lay down your own life. We live in poverty and without personal possessions, we do this for love of Christ and for the sake of those who are poorer than we are, the very poorest. There is such an endless amount of misery that wealth and influence are unbearable to anyone living in the love of Christ.” Yeah. Okay.

“Injustice rule in the world today. As long as this continues there will always be poor people.” See, I disagree with that a little bit. There’s many reasons why there’s poor people. Not just because they don’t believe in God or whatever.

“It is idle to ask what we would do if there were no more poor. Even a rigidly enforced social system has not managed to do away with poverty. Therefore, Jesus says, ‘The poor you have with you always. And the Old Testament has it, the poor will always be with you in the land. Yet this love for the poor cannot be the final thing. It must be surpassed by love to God,’ Christ says. You will not always have me with you.’ Matt, 26, 11.

On the other hand, we must not let our love for God cause us to neglect love to the poor. Out of love to God we should love our neighbor. If we see your brother or sister in need and say, ‘God will help you,’ and give nothing, though you have this world’s goods, where is your love to God? James 2:15 and 16.”

I like that. I really do like that. I’m not really with the religious part of everything. Right. Because that can be interpreted way too many different ways, but let’s cut through the meat right there. And what he says is… I mean, that’s cool. I liked that way of thinking. I really liked that because he’s like, if you got all the money in the world and you see somebody in need and you’re like, “Well, God’s going to help you,” but you, yourself do nothing, then you’re not a godly person. Because God gives you the gift to be able to help others.

So maybe you are that messenger of God that you’re telling this other person, “God will help you.” I don’t know if that made sense. Right. In that split second of time, you have the power of God because you can help that person. So by you saying, “God will help you,” and you doing nothing, then you are refusing the faith of God or the luxuries of God or whatever you want to say. That was pretty interesting. I liked that.

So, we’ll get back to the God’s Revolution. And was it, pain and suffering or something like that? Poverty and suffering. I get this, but it’s not bad, not bad. You know what I’m saying? I would never really thought about reading it in the beginning, but yeah. This is part of the reason why we’re doing this.

So, when you get a box, right, of random books, you just look through it. You never know what you’re going to find. It’s like life is like a box of chocolates. Right. You never know what you going to get.

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One Two Three Infinity Facts and Speculations of Science

All right. One, Two, Three Infinity: Facts and Speculations of Science, George Gamow. All right, Mr. George Gamow.

All right. Playing with numbers, space, time, and Einstein, micro cosmos, macro cosmos, and then a whole bunch of illustrations. Whole bunch of them. Big numbers. No, let’s see what he’s talking about. My eyes are kind of funny.

How high can you count? A gazillion. Boom. Just did it. Count as high as possible. Infinity. All right. “There’s a story about two Hungarian aristocrats who decided to play a game in which one who calls the largest number wins. ‘Well,’ said one of them, ‘You name your number first.’ After a few minutes of hard mental work, the second aristocrat finally named the largest number he could think of. ‘Three,’ he said. Now it was the turn of the first one to do the thinking. But after a quarter of an hour, he finally gave up. ‘You’ve won,’ he agreed.

“Of course, these two Hungarian aristocrats did not represent a very high degree of intelligence, and this story is probably just a malicious slander. But such a conversation might actually have taken place if the two men had been not Hungarians, not Hottentots. We have indeed on the authority of African explorers that many Hottentot tribes did not have in their vocabulary the name for numbers larger than three. Ask a native down there how many sons he has or how many enemies he has slain. And if the number is more than three, he will answer, ‘Many.’

“Thus in the Hottentot country in the art of counting fierce words would have been beaten by an American child of kindergarten age who could boast the ability to count up to 10. Nowadays, we’re quite accustomed to the idea that we can write as big a number as we please, whether it is to represent war expenditures, incense or stellar distances in inches by simply setting down a significant number of zeros on the right side of some figure. You can put in zeros until your hand gets tired. And before you know it, you will have a number larger than the following number of atoms in the universe, which identically is a lot.”

That, and that’s what I meant. Nowadays, what’s the largest number you can think of? Infinity. All right, going on and on and on. But this is interesting. “This arithmetic wasn’t known in ancient times. In fact, it was invented less than 2000 years ago by some unknown Indian mathematicians before his great discovery. And this was a great discovery. Although we usually do not realize it, numbers were written by using a specific symbol for each of what we now call decimal units and repeating this symbol as many times as there were units. For example, the number 8,073 was written in ancient Japanese.”

How? What are you even… Okay. Makes sense. So you have, look, you have eight of these, seven of these, three of these. You have eight of these, seven of these, three of these, two of these. Whereas, a clerk in Caesar’s office would have represented it in this form. So remember, this is what Egyptians and this is the Romans. So obviously, Roman numerals, we still use Roman numerals. Think of the Super Bowl.

Well, and think about it. Okay. What he’s saying right here, the only way that you would have been able to write one million is to take the thousand and write that down. Or what is it? A thousand M’s in succession, and then that would have been a million, because a thousand times a thousand is a million. Right?

Psammites or Sand Reckoner, Archimedes says, “There are some who think that the number of sand grains is infinite in multitude. And I mean, by saying not only that which exists about [inaudible 00:06:59], and the rest is Sicily, but all the grains of sand which may be found in all the regions of the earth, whether inhabited or uninhabited. Again, there are some who, without regarding the number as infinite, yet think that no number can be named which is great enough to exceed that, which would designate the number of the earth’s grains of sand.

“And it is clear that those who hold this view, if they imagine a mass made up of sand and other respects as large as the mass of the earth, including in it all the seas and all the hollows of the earth filled up in the height of the highest mountain, would be still more certain that no number could be expressed which would be greater than that needed to represent the grains of sand that’s accumulated. But I will try to show that of the numbers named by me, some exceed not only the numbers of grains of sand, which would make a mass equal in size of the earth, fill in a way to describe, but even equal to the mass of the universe.”

All right. So the way that he did this is kind of the way we do it today. He begins with the largest number that existed in ancient Greek arithmetic, a myriad or a 10,000. Then he introduced a new number, a myriad myriad, a hundred million, which he called an octate or a unit of a second class octate, octates, or 10 to the 16th is called a unit of the third class, octate, octate, octate. A unit of the fourth class of writing of large numbers may seem too trivial a matter to which to devote several pages of a book, but in the time of Archimedes, the finding of a way to write big numbers was a great discovery and important step in the forward to science and mathematics.”

I’m very interested. I am very interested. That is super interesting. And it keeps going on and on and one, playing with the big numbers. I’m glad I found this. I never would’ve thought about that. But if you think about where we came from, that’s true. We talked about writing in a different book this morning. We’re talking about numbers now. Man, just think a thousand years from now, all the things that they’re doing, they’re going to look back at us and be like, “Man, those were ancient people.” You know what I’m saying?

They only used 10% of their brain? Right? Because back here, it seems like they’re only using maybe 5%, maybe 1%, right? They didn’t know how to write. They didn’t know how to read. They didn’t know how to create. They didn’t know how to do large numbers. So let’s say 3% of their brain. So we’re studying off of people like 3% of their brain.

Imagine some of the top smartest people nowadays use 15, maybe 10%. Right? So in 2000 years, hopefully it doesn’t take that long, and people are using 80% of their brain, they’re going to look back at us and just think of us as the Neanderthals. Does that make sense?